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Param wins conditional approval in Turkey for Kartek deal

( January 10, 2025, 12:48 GMT | Official Statement) -- MLex Summary: Param Holdings International has received clearance from the Turkish competition authority for its acquisition of sole control over Kartek Holding. The office focused its probe on the issuer/acquirer processing market linked to payment services, and found that the deal could result in input foreclosure for Param's rivals. Param agreed to make sure that its companies and Kartek would operate as separate legal entities, with separate executive boards. The conditions will remain in place for three years....

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